Gardini, RaulItalian entrepreneur

Italian entrepreneur (b. June 7, 1933, Ravenna, Italy--d. July 23, 1993, Milan, Italy), turned a provincial, family-owned agribusiness into Italy’s second-largest company and made himself into one of the country’s richest and most admired industrialists but in 1993 was caught up in the financial corruption scandal that rocked the Italian government. After studying agriculture at the University of Bologna, Gardini went to work for Serafino Ferruzzi, a successful grain merchant. He married Ferruzzi’s daughter in 1957 and took control of the business when his father-in-law died in 1979. Under Gardini, the Ferruzzi group expanded rapidly until the 1985 acquisition of the Montedison chemicals group made the newly renamed Ferruzzi-Montedison Italy’s largest private-sector firm after Fiat. In 1989 Gardini launched an unsuccessful but financially lucrative attempt to take over Enimont, a joint venture with the state-owned ENI petrochemicals group. Gardini’s other business ventures cost the company money, however, as did his financing of the racing yacht Il Moro di Venezia, which contested the 1992 America’s Cup final off San Diego, Calif. In November 1991 other members of the Ferruzzi family forced him out of the debt-ridden company. Gardini was reportedly about to be arrested for corruption and bribery when he shot himself, three days after Gabriele Cagliari, the former head of ENI, committed suicide in jail.